Asset turnoverThree major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financialstatement information for these three companies follows (in thousands):Union PacificC.H. RobinsonYRCSales$4,871,200$21,708,000Average total assets3,448,70060,410,000a. Determine the asset turnover for all three companies. Round your answers to one decimal place.YRC WorldwideUnion PacificC.H. Robinson Worldwideb. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the$15,309,5084,534,236efficient a firm is in using assets.

The objective of the question is to calculate the asset turnover for three companies: Union Pacific, C.H. Robinson Worldwide, Inc., and YRC Worldwide. The asset turnover ratio is a measure of a company's efficiency in using its assets to generate sales. It is calculated by dividing the company's total sales by its average total assets.For Union Pacific, the asset turnover is calculated as follows: Asset Turnover = Total Sales / Average Total Assets = $4,871,200 / $3,448,700 = 1.4 (rounded to one decimal place)For C.H. Robinson Worldwide, Inc., the asset turnover is calculated as follows: Asset Turnover = Total Sales / Average Total Assets = $21,708,000 / $60,410,000 = 0.4 (rounded to one decimal place)For YRC Worldwide, the asset turnover is calculated as follows: Asset Turnover = Total Sales / Average Total Assets = $15,309,508 / $4,534,236 = 3.4 (rounded to one decimal place)The asset turnover ratio indicates how efficiently a company is using its assets to generate sales. A higher ratio indicates greater efficiency. In this case, YRC Worldwide has the highest asset turnover ratio, indicating it is the most efficient at using its assets to generate sales. Union Pacific is next, followed by C.H. Robinson Worldwide, Inc.The asset turnover ratios for Union Pacific, C.H. Robinson Worldwide, Inc., and YRC Worldwide are 1.4, 0.4, and 3.4 respectively. This indicates that YRC Worldwide is the most efficient at using its assets to generate sales, followed by Union Pacific and C.H. Robinson Worldwide, Inc.